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Choice, Welfare, and Development : A Festschrift for Amartya K. Sen - K. Basu

Choice, Welfare, and Development

A Festschrift for Amartya K. Sen

By: K. Basu (Editor), P. K. Pattanaik (Editor), K. Suzumura (Editor)

Hardcover Published: 23rd February 1995
ISBN: 9780198287896
Number Of Pages: 362

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Professor Sen is one of the few economists whose research straddles the expanse of the subject and he has worked and written in an astonishingly large number of areas. In acknowledgement of the varied interests encompassed by Professor Sen's work which would be impossible to represent in a single volume, the editors have chosen to concentrate on welfare economics to which Sen has made a seminal contribution. Thus two related strands in his work are reflected in this volume. Both are based in welfare economics, but one develops the more theoretical aspects of social choice theory, while the other is more concerned with the application of welfare economics in the context of developing economies.
The opening essay formalises the concept of 'capabilities' developed by Sen, and is a particularly apt contribution, since it illustrates the possibility of blending developmental concerns with welfare economics. Other subjects tackled include the analysis of a general equilibrium model which relates to the problems of entitlements discussed by Sen in the context of famines; the rationality of choice behaviour; the problem of redistribution; individual decision-making and the symbolic value of actions; an original theorem on dictatorship; issues relating to local community-level co-operation in water allocation and management; a study of primary education in two villages in India and China; the relation between total household resources and intra-household inequality; the vulnerability of households to aggregate shocks; and the issue of mass unemployment.

Notes on Contributorsp. vii
Introductionp. 1
Choice and Welfarep. 5
A Note on Freedom and Flexibilityp. 7
Capabilities, Exclusion, and the Supply of Goodsp. 17
Walrasian Equilibrium Without Survival: Existence, Efficiency, and Remedial Policyp. 32
Rationalizing Choice Probabilities Using the Random Utility Model: A Necessary and Sufficient Conditionp. 65
Private Information and the Shape of the Redistribution Frontierp. 76
Referencesp. 99
Majority Rule, Social Welfare Functions, and Game Formsp. 100
Symbolic Utilityp. 110
Valued Opinions or Opinionated Values: The Double Aggregation Problemp. 141
Welfare and Developmentp. 167
Rational Fools and Co-Operation in a Poor Hydraulic Economyp. 169
Primary Education and Economic Development in China and India: Overview and Two Case Studiesp. 182
Children and Intra-Household Inequality: A Theoretical Analysisp. 242
The Entitlement Approach to Famine: An Assessmentp. 253
Household Vulnerability to Aggregate Shocks: Differing Fortunes of the Poor in Bangladesh and Indonesiap. 295
Mass Unemployment as a Social Problemp. 313
Professor Amartya K. Sen Biographical Datap. 323
Professor Amartya K. Sen Bibliographical Datap. 325
Index of Namesp. 337
Index of Subjectsp. 339
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780198287896
ISBN-10: 0198287895
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 362
Published: 23rd February 1995
Country of Publication: GB
Dimensions (cm): 24.49 x 15.85  x 2.46
Weight (kg): 0.71

Earn 276 Qantas Points
on this Book